FAQ

  • About

    What is the LIRFCU?

    LIRFCU, or Long Island Realtors® Federal Credit Union, is a Credit Union, separate from LIBOR, with a 13-member Board of Directors, 4 Officers, a 3-member Credit Committee, and a 3-member Supervisory Committee, all who support your credit union voluntarily.

     

    What is the difference between a Credit Union and a Bank?

    Banks and Credit Unions are both Financial Institutions. However, Credit Unions are not-for-profit. When you become a member of a Credit Union, you also become an owner. Click to Learn More.

     

    Who can become a Member of LIRFCU?

    Any Realtor® Member of LIBOR and any member of their family. Any employee of LIBOR or MLS and dependent members of their family are eligible for membership as well.

  • Banking

    How do I become a Member?

    It is very simple! Fill out and submit the Account Application, with a copy of your drivers license and an initial deposit of at least $25.00.

    Online Application Download Application

    You can use this transfer form to make your initial deposit. If you are unable to use this form to transfer funds, you can make a deposit in person at our office, or mail an initial deposit, made payable to yourself to our office. (346 Sunrise Highway, West Babylon NY 11704)

    Download Transfer Form

     

    Does LIRFCU offer Checking Accounts?

    Of course! All members are able to open a Free Checking Account.You can request a checking account, along with a Debit Card and a starter set of checks, when you first open up your account. (See the above link)

    If you already have a savings account, but you want to add a checking account, please use the Membership Amendment form to. You can get this from the below link.

    Member Amendment Form

     

    Are their any fees or minimum balances?

    Their are no fees to open or maintain your savings or checking account.

    For savings accounts you are required to have at least $25.00 in your account at all times.

     

    How do I Transact on my account?

    You can transact on your account by visiting our Office (346 Sunrise Highway, West Babylon NY 11704), or by visiting any of our Shared-Branching Locations.

    If you have been issues a ATM Debit card, can access nearly 30,000 FREE ATMs through our participation in the CO-OP Shared Branch & ATM network!

    To find a Shared-Branch Location or a Surcharge Free ATM near you, visit the site below.

    Search for A Location Near You

     

  • Loans

    Does LIRFCU offer Loans?

    Yes! We have many different loans to fit your need, at very competitive rates. New and Used Auto loans, Personal Loans, Holiday & Vacation Loans, Shared-secured Loans, and Mortgage Loans

    Do I need to be a member to take out a loan?

    Yes. Our loans and great loan rates are some of the benefits of being a member of our Credit Union.

    How do I Apply for a loan?

    You can apply by submitting the following:

    • Completed Loan Application
    • Copy of Drivers License
    • Income Verification
    Download Application